KOGAS in LNG Arbitration with Australia's North West Shelf Gas

Source: Reuters 2/12/2018, Location: Asia

South Korea’s state-run Korea Gas Corp (KOGAS) has gone into an arbitration with Australia’s North West Shelf Gas to settle a liquefied natural gas (LNG) contract that ended in 2016, a company spokesman said on Monday. The KOGAS spokesman declined to give further details. Woodside Petroleum, the operator of the North West Shelf joint venture was not immediately available for comment.

The arbitration relates to a difference over an agreed price renegotiation during a mid-term supply contract, a source familiar with the matter told Reuters, declining to be named due to the sensitivity of the matter.

South Korea imports most of its LNG through the country’s sole LNG wholesaler KOGAS, which brings in over 30-31 million tonnes per year of LNG, mainly from Qatar and Australia.


Congo >>  8/5/2022 - Eni informs that it has acquired the company Export LNG Ltd, which owns the Tango FLNG floating liquefaction facility, from Exmar group. The facility ...
Canada >>  7/29/2022 - Pacific Energy Corporation Limited (Pacific Energy) and Enbridge Inc. (Enbridge or the Company) announced an agreement to jointly invest in the constr...

Italy >>  7/25/2022 - - The aim is to leverage on infrastructure and know-how of both companies, thereby contributing to decarbonisation of transport and off-grid users
United States >>  7/23/2022 - ION Commodities, the global leader in Energy and Commodity management solutions, is delighted that Golden Pass LNG, owned by affiliates of QatarEnergy...

Japan >>  7/15/2022 - INPEX CORPORATION (INPEX) and Sakata Natural Gas Co., Ltd. (Sakata Natural Gas) jointly announced they entered into an agreement on the carbon neutral...
United States >>  7/14/2022 - ConocoPhillips announced a potentially significant expansion of its global liquefied natural gas (LNG) business through investment in a new large-scal...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.